Press Release August 03, 2015

Goodwin Procter Advises Twilio on $130 Million Series E Financing

Goodwin Procter advised Twilio in its recently announced $130 million Series E round of funding. Investors in the round of financing included Fidelity and T. Rowe Price, as well as new investors Altimeter Capital Management and Arrowpoint Partners and strategic investors and Salesforce Ventures. The additional capital will be used to accelerate Twilio’s product roadmap and its global expansion plans, among other things.

Twilio, a developer platform for communications, was founded in 2008 and is a privately held company. With Twilio's platform, businesses can make communications relevant and contextual by embedding real-time communication and authentication capabilities directly into their software applications. The Twilio platform has nearly 700,000 registered developers and is used in more than one million unique software applications. Uber, Box, DocuSign, Nordstrom, Coca-Cola, Walmart and Home Depot trust Twilio to power and innovate their communications at global scale. The company has over 400 employees with offices in San Francisco, Mountain View, New York City, London, Munich, Dublin, Tallinn, Estonia, and Bogota, Colombia.

The Goodwin team advising Twilio was led by Anthony McCusker and Dane Patterson.

More information regarding the latest round of financing for Twilio is available in the company’s press release.